Vietnam’s trade surplus with the U.S. surged in May due to rising exports, but the growing imbalance and increased imports from China could strain U.S. relations and risk tariffs.
00:00In other news, Vietnam's trade surplus with the U.S. surged in May, driven by a sharp rise in exports, while imports from China also increased.
00:09The growing imbalance could strain relations with Washington and jeopardize Hanoi's efforts to avoid crippling tariffs.
00:18In May, Vietnam's surplus with the U.S. rose nearly 42 percent year-on-year to 12.2 billion U.S. dollars, up 17 percent from April.
00:28Exports to the U.S. also hit a post-pandemic high of 13.8 billion U.S. dollars.
00:35In the first five months of the year, the surplus reached to nearly 50 billion dollars, a 28.5 percent increase, putting Vietnam on track to exceed last year's record.
00:46U.S. data showed Vietnam's surplus surpassed Mexico's in April, now ranking behind only China and the European Union.
00:54Vietnam is home to major U.S. manufacturers such as Apple, Intel and Nike, as well as numerous Chinese companies, often suppliers to U.S. firms.
01:05President Donald Trump has vowed to reduce the U.S. trade deficit and the Southeast Asian country faces one of his highest reciprocal tariffs at 46 percent.
01:14If a deal cannot be negotiated before a pause on the levies ends in early July.
01:20Despite Hanoi's pledges to address U.S. demands, the surplus continues to grow, as exporters rush to ship goods to the U.S. before the tariffs go into effect.
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